Scientex was among the top gainers as investors were positive about its purchase of Mondi Ipoh Sdn Bhd (MISB) for RM58mil cash to expand its consumer packaging division.
KUALA LUMPUR: Scientex Bhd
is buying a flexible plastic packaging maker with a factory in Klang, Selangor for RM190mil cash, as the group seeks to expand its product portfolio in the packaging industry.
The company, in a filing with Bursa Malaysia today, said it had entered into a sale and purchase agreement with Law Wan Hong and several other individuals to acquire the entire equity interest in Klang Hock Plastic Industries Sdn Bhd (KHPI).
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
